Over the last year, the Chinese government has been cracking down on its technology stocks, especially the ones deemed to abuse their monopoly powers in the antitrust and cybersecurity operation.
These include brands listed in American exchanges such as Alibaba, Baidu, Tencent, Weibo, Didi, and Xpeng. This led to a massive selloff in 2021 that saw some stocks shed up to 80 percent of their value from their 2021 highs.
